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Biotech / Medical : Palomar Medical Technologies, Inc.

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To: WILLIAM WAY who wrote (73)	8/19/1996 9:04:00 AM
From: psd gn	of 708

William: where did you get your information? The following is reproduced from the WSJ: (look at their briefing books) The Wall Street Journal -- July 16, 1996 Health Brief -- PALOMAR MEDICAL TECHNOLOGIES INC.: FDA Approval Is Received For Hair Removal System Palomar Medical Technologies Inc. said it received approval from the Food and Drug Administration to sell its new laser-based hair removal system, Epilaser in the U.S. The Beverly, Mass., company is already selling the system in Europe and Canada. The new U.S. business is expected to nearly triple the company's overall laser sales this year. The company, which also makes other lines of laser systems for removing wrinkles, spider veins and tatoos, is projected to chalk up revenue of $80 million in 1996, according to analysts. Approximately half of that will come from laser system sales, predicted Steven Georgiev, chairman and chief executive officer. The remainder is expected to come from the sale of automotive electronic systems and personal computers, Mr. Georgiev said. Palomar sells its laser units for $60,000 to $100,000 each. Palomar had sales of $22 million in 1995.

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